Blinkit

Blinkit
FormerlyGrofers (2013–2021)
Company typeSubsidiary
IndustryQ-commerce
FoundedDecember 2013; 10 years ago (2013-12)
FoundersAlbinder Dhindsa
Saurabh Kumar[1]
HeadquartersGurgaon, Haryana, India
Area served
India
Key people
Albinder Dhindsa (CEO)
ServicesOnline grocer[2]
RevenueIncrease ₹23.01 billion (US$280 million) (FY24)[3]
ParentZomato[4]
Websitewww.blinkit.com

Blinkit Commerce Private Limited, d/b/a Blinkit and formerly Grofers, is an Indian quick-commerce service.[5][6][7] It was founded in December 2013 and is based in Gurgaon.[8][9]

Customers of the company use a mobile application to order groceries and essentials online. Blinkit's employees then secure the items from their warehouse and deliver the items to the consumer within 10 minutes.[10] By November 2021, the company was delivering 125,000 orders every day.[11] Blinkit currently operates in more than 30 cities in India. By the end of 2021, the company had raised about US$630 million from investors including SoftBank, Tiger Global and Sequoia Capital.[12][13][14]

In 2022, Zomato acquired Blinkit for US$568 million in an all-stock deal.[15][16]

  1. ^ Bhalla, Tarush (18 June 2021). "Kumar steps back at Grofers". mint. Retrieved 4 July 2022.
  2. ^ "Grofers shifts base to Singapore". The Times of India. Retrieved 17 April 2021.
  3. ^ "Zomato Q4FY24 results: Blinkit nearly triples its revenue; plans to reach 1,000 store mark". Economic Times. Retrieved 25 May 2024.
  4. ^ Rudra, Tapanjana (10 August 2022). "Zomato Completes Acquisition of Quick-Commerce Startup Blinkit". Inc42 Media. Retrieved 25 August 2022.
  5. ^ Sarkar, John (13 December 2021). "Big Basket rival Grofers rebrands itself as Blinkit with eye on quick commerce". The Times of India. Retrieved 23 December 2021.
  6. ^ Bhalla, Tarush (13 December 2021). "Grofers rebrands as Blinkit with quick commerce space heating up". mint. Retrieved 23 December 2021.
  7. ^ "Grofers puts on a new name, Blinkit, to show how the focus of its business is changing". Business Insider. 13 December 2021. Retrieved 23 December 2021.
  8. ^ Sen, Sunmy (23 May 2016). "It's Grofers vs BigBasket in the grocery delivery app war". Hindustan Times. Retrieved 29 September 2016.
  9. ^ "Grofers has had a good run so far, aims at operational break-even by year end". Business Insider. 13 July 2016. Retrieved 29 September 2016.
  10. ^ "10 minute delivery". Business Today. 23 August 2021. Retrieved 26 July 2017.
  11. ^ "We Are Delivering 1.25 Lakh Orders Every Day: Albinder Dhindsa Of Grofers". Moneycontrol. Retrieved 13 December 2021.
  12. ^ Shu, Catherine (5 January 2016). "Indian Hyperlocal Delivery Startup Grofers Pulls Out Of 9 Cities". TechCrunch. Retrieved 29 September 2016.
  13. ^ Ganguly, Paloma (26 November 2015). "Delivering groceries, Grofers bags big bucks from SoftBank". Tech in Asia. Retrieved 29 September 2016.
  14. ^ Saligrama, Anirudh (15 August 2016). "How Grofers Is Battling Legal Notice That Was Served By Students". TechStory. Retrieved 29 September 2016.
  15. ^ Singh, Manish (24 June 2022). "Zomato acquires Blinkit for $568 million in instant-grocery delivery push". TechCrunch.
  16. ^ "Zomato completes acquisition of quick commerce company Blinkit". Moneycontrol. Retrieved 15 December 2022.